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9 Cards in this Set
- Front
- Back
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What are the Causes of the Great Depression?
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-overproduction of factories and farms
-uneven distribution of wealth -americans over extended their credit -decrease in international trade -bank failure helped intensify the depression -financial problems/american business began to spend less money |
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hoover
p.w.p reconstruction finance agency bonus army |
spends more money on public works program than any other president
public works program-programs that the government paid the workers to build something to benifit the public ex: roads, schools etc. reconstruction finance agency- a government lending agency -designed to loan money to big businesses(not the way to attack depression) Bonus Army-WWI veterans march into washington and wants to get the money that they were told they would get |
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Franklin D. Roosevelt
New Deal |
three R's of Roosevelt
-Relief -Reform -Recovery Agricultural Adjustment Administration -subsidizes the farmers National Recovery Administration -a gov. agency that asked every business to voluntarily join the administration rules: -minimum wage -maximum work hours -no child labor -collective bargaining-let workers join labor unions National Labor Relations Administration and Fair Labor Standards Act -legalized the four rules Tennessee Valley Authority -built dams Rural Electrification Agenct -tried to provide electricity to those who dont have it the two purposes was to: -generate electricity -give people more jobs Roosevelt creates many public works programs and also tax policy and social security Social Security -a plan that would provide a payment of money to older retired people -expands and includes handicapped disable -taxes the wealthy more Securities and Exchange Commission -began to regulate the stock market -cant buy on the margin -either loan money or sell stocks Federal Housing Agency -lend money to people who needed to buy a house |
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Federal Communications Comission
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regulates the airwaves for radios
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Long
"share the Wealth" |
came up with a plan called "share the wealth"
-thinks that rich people should only be able to make so much money and after a certain point, the gov. takes money away from you and give it to the poor |
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Growth of Labor Unions
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American Federation of Labor
-only took in skilled workers Committee for industrial organization -led by Lewis, organized unskilled workers Reuther -Labor leader that helps to organize the automobile industry Civilian Conservation Core -public works program gave jobs for publics |
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Deficit Spending
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an economic idea by George Keynes
-U.S. government would develope the idea of spending more than they bring in |
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Outcomes of the New Deal
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1. Created big government
2.Modern welfare system 3.people thought the government was on its way to becoming a socialist government |
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Positives of Roosevelt
who benifited from the New Deal |
1. restore people's faith in gov.
2. protects america's farms 3.protect the elderly and the disabled 4.protects america's homes 1.farmers 2.union workers |
